6 Ways to Recession-Proof Your Retirement

Is it possible to predict a recession? The short answer is: not really. The Great Recession of 2008, for example, famously blindsided many economists worldwide.  So why are recessions so hard to forecast? According to a recent article in Bloomberg Businessweek, “The main reason is that it’s simply a hard job. Information about the economy is incomplete and arrives with a lag. And turns in the... Continue reading
Best Long-Term Budgeting Tools to Plan for Retirement

Best Long-Term Budgeting Tools to Plan for Retirement

Using the right budgeting software not only helps you reach your retirement savings goals, it can also ensure you manage your money well through the three phases of retirement. Continue reading
Personal finance strategies retiring

Personal Finance Strategies: Retiring

Having enough to live on in your golden years isn't an issue of luck, but of careful planning. If you’re looking to put together a retirement plan but don’t know where to start, use these tips to set yourself up for a comfortable, financially stable future.   Continue reading
How many types of retirement plans are there?

Types of Retirement Plans [Infographic]

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Need Money? Personal Finance Tips When Borrowing from a Retirement Account

When you're in a bind financially, it can be very tempting to turn to your nest egg for a quick cash infusion. After all, you're just borrowing it and have every intention of paying it back. However, "taking a loan from a 401(k) plan is often a last resort," according to Anika Hedstrom, MBA and Senior Financial Analyst practicing in Southern Oregon. Continue reading

Healthy Retirement 101: What to Do in Your 30s

By the time you reach your 30s, you’ve probably sown many of your wild oats, leaving your mind more focused on practical considerations like settling down, buying a home and raising a family. You might also want to keep your eye on a plan for retirement. You may have started one in your 20s, but if not, it’s certainly not too late to catch up now. Decide on the Percentage You'll Save Figuring out... Continue reading

Changing Jobs? Finance Tips on What to Do With a 401K Retirement Plan

Congratulations on your new job! Before you are too far gone from your old position, you need to decide what to do with the 401(k) account balance at your old employer. Financial planning business owner Mike Mills warns that your decision could be the difference between losing and gaining large sums of money for your retirement. Continue reading

Healthy Retirement 101: What to Do in Your 20s

College is a few years behind you, and you’re working and feeling pretty good about your future. It may be difficult to stretch your mind to a time 40-plus years ahead -- a time when you may not feel so eager to go into work every day. The good news is that you don’t have to do a whole lot in your 20s to plan for retirement time. At this point, even a little bit of prudent saving and investing... Continue reading

How to Reduce Spending, Expenses & Debt in Retirement

How to Reduce Spending, Expenses & Debt in Retirement When you have an extra 2,000 hours to fill because you're not working, it's easy to let your expenses run amok. What's more, even people who have saved wisely often find that during retirement their incomes are more modest than when they were working. Regardless of the reason, you can take control of your retirement spending and debt so... Continue reading

Money Management: Why You Need an Emergency Fund

Kiplinger contributing editor Cameron Huddleston learned this lesson the hard way: Everybody needs an emergency fund. She shares her experience here as a vivid reminder of why we all need money set aside for a rainy day. Why? Because of the chance you could lose your job, or your refrigerator could die, or you might have to get an emergency root canal. And if you don't have enough cash on hand,... Continue reading